A crucial year for Industry 4.0 in Europe kickstarts a new era

摘要

Of the world's ten smartest factories, identified by the World Economic Forum in September 2018, five are in Europe, four in China and one in the US. Europe's apparent lead is particularly encouraging given that Capgem-ini's Digital Transformation Institute predicts that smart factories could add as much as $1.5 trillion to the overall output of the industrial sector in the next five years. BIS estimates the global Industrial IoT market was worth $75.60 billion in 2019 and it predicts it will have a compound annual growth rate of 8.67% between 2019 and 2024, driven by the high demand for IIoT applications in smart industries; the use of cloud computing for large-scale IIoT solutions; lower sensor costs; and innovative sensor technology.